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Lufax (Shanghai Lujiazui International Financial Asset Exchange Co., Ltd.), an online finance marketplace headquartered in Shanghai, is planning to launch an IPO in the US stock market, according to CNBC. With Passfolio Securities, you will be able to sell or buy Lufax stocks, all with no commission fees and using your local currency.¹
Find out how to invest in Lufax IPO below and sign up for Passfolio.
¹ Securities less than $5 cost $0.02/share. Please see our disclosures on other charges.
Lufax (Shanghai Lujiazui International Financial Asset Exchange Co., Ltd.), an online finance marketplace headquartered in Shanghai, is planning to launch an IPO in the US stock market, according to CNBC. With Passfolio Securities, you will be able to sell or buy Lufax stocks, all with no commission fees and using your local currency.¹
Find out how to invest in Lufax IPO below and sign up for Passfolio.
¹ Please see our fractional shares disclosure.
Founded in September 2011, Lufax initially started as a peer-to-peer lending service, but is now expanding its scope of financial products by working along with insurance companies, funds and financial licence holders. According to the Wall Street Journal, by 2015 the company had arranged over 200,000 peer-to-peer loans, worth a total of $2.5 billion.
According to CNBC, the Chinese fintech giant Lufax will issue 175,000,000 American depositary shares (ADS), being valued at about US$2.36 billion. The company plans to get listed on the New York Stock Exchange (NYSE) under the ticker “LU”.
If you are interested in selling or buying Lufax stock when it becomes available, you will be able to do so with the Passfolio app. You won’t need thousands of dollars to do it - you can start with only $1, because we let our users purchase fractional shares!²
² Please see our fractional shares disclosure.
If you want to invest in Lufax stocks in the US with no commission fees, you can use Passfolio for that.¹ Check out the step by step below!
³ Securities less than $5 cost $0.02/share. Please see our disclosures on other charges.
Passfolio Securities is a US stock trading app available in 170+ countries that charges no commission fees¹. Instead, the app makes money on uninvested cash and currency conversions. This means you can easily sell or buy Lufax stocks after its IPO using your local currency from almost anywhere in the world!
With Passfolio Securities, if you want to invest in the US and sell or buy Lufax stocks on NYSE or NASDAQ, you can! And the best part: it's commission-free!
That's right, you don't pay commission fees to invest in Lufax with Passfolio.¹
Click here to sign up for Passfolio today and create your account by sending us some basic information about you. It only takes 5 minutes!
After signing up, download the Passfolio app on the App Store or Google Play. All your investments can be managed from the palm of your hand.
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You can deposit just $100 to start. We accept deposits via wire transfers, TED, Remessa Online or other methods.
After Lufax’s IPO, search for "Lufax" in the app and trade as you wish! You can buy or sell Lufax shares starting with just $1.²
Click here to sign up for Passfolio today and create your account by sending us some basic information about you. It only takes 5 minutes!
After signing up, download the Passfolio app on the App Store or Google Play. All your investments can be managed from the palm of your hand.
You can deposit just $100 to start. We accept deposits via wire transfers, TED, RemessaOnline or other methods.
After Lufax’s IPO, search for "Lufax" in the app and trade as you wish! You can buy or sell Lufax shares starting with just $1.²
¹ Securities less than $5 cost $0.02/share. Please see our disclosures on other charges.
² Please see our fractional shares disclosure.
